Inuvo Announces Preliminary Second Quarter Revenue

Inuvo (NYSEA:INUV) announced preliminary revenues of approximately US$19 million and US$39.5 million for the second quarter and first half of 2018.

The company, a leading provider of artificial intelligence for advertising aligning brands with appropiate content and consumer intent said that the number represent an increase of four percent and 11 percent as compared to prior year periods.

As quoted in the press release:

“First half revenue growth of 11% is aligned with our expectations and guidance. We typically have a weak month during the first half of the year, which fell in April this year. Historically, this has defined the relative growth rates year over year between first quarter and the second quarter and explains why the first half growth rate is a good indicator for the overall year. We grow more excited every day about the potential for and the differentiation of, our IntentKey^TM technology. We reiterate guidance for the current year, expecting double digit revenue growth over 2017 with higher adjusted EBITDA,” stated Rich Howe, Executive Chairman of Inuvo.

The Company is in the process of finalizing its consolidated financial statements and expects to announce its comprehensive final financial results for the 2018 second quarter on August 8, 2018 via press release and Form 10-Q with the SEC. Mr. Richard Howe, President and Chief Executive Officer, and Mr. Wally Ruiz, Chief Financial Officer, will host a conference call the same day.

Click here for the full text release.